Carnarvon Energy Updates on Q3 2026 Activities and Financial Position
Key points
- Transocean Equinox contracted for 2027 Bedout drilling campaign
- Environmental plans approval on track for April 2027
- Dorado remains FEED-ready with potential to produce 60,000 bopd
Full summary
Carnarvon Energy Limited (ASX:CVN) provides an update on the Company's activities and financial position as at 30 September 2026. The company contracted the Transocean Equinox semi-submersible rig for a multi-well drilling campaign in 2027, targeting the Bedout Sub-basin. Environmental plans are on track for approval before the start of activities in April 2027. The Dorado oil and gas field, one of Australia's most significant undeveloped oil discoveries, remains FEED-ready and is expected to produce at a plateau rate of approximately 60,000 barrels of oil per day, playing a crucial role in addressing energy security challenges for Australia and the region.
Guidance
Dorado expected to produce 60,000 barrels of oil per day
Outlook
Carnarvon Energy is optimistic about the potential of its Bedout drilling campaign and the strategic importance of the Dorado project in addressing Australia's energy security needs.
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